Hi,
An SMSF is certainly a financial product that falls within the anti-hawking provisions of the Corporations Act. These provisions do not entirely prohibit cold-calling in relation to financial products. For example, provided the call was made between 8am to 9pm Monday to Saturday to a number that is not listed on the Do Not Call Register, and if the customer is given a PDS prior to being bound to acquire the product, then the call will likely fall within the law.
If you still have concerns about the call you received we suggest informing ASIC or ACMA (if you are on the Do Not Call Register).
Author: David Court
Co-contributor: Megan Jaksa
